Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 21 January 2016

Reliance

Today, 1020 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1020 is crucial for short term. Positional Traders, trade long above 1020 for a target of 1030. Trade short below 1020 for a target of 980

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 January 2016

Today, 7350 is the crucial intraday level for Nifty.

If Nifty sustains below 7350, then it could test 7300 and below that level it could test 7250.

Instead, if Nifty trades above 7350, then it could test 7400.